This business is an authentic Italian restaurant, industry-recognised for serving some of the highest quality pizzas, pasta and pastries to the market. It operates in two prime locations, both experiencing strong demand from locals in their respective areas, making this offer a rare opportunity to acquire two lucrative businesses for the price of one!
*$42,000 in takings PW
*$3,000 in wholesale bakery sales PW
*$2,570 in delivery sales PW
*Excellent margins (COGS: 28%)
*P&E worth $350,000
*Two well-fitted locations
*Multifaceted operations
This multi-faceted business has two highly visible sites in the northern suburbs of Melbourne.
The first facility primarily operates as an Italian restaurant, offering staples like pizza, pasta and baked goods. It also caters to events and functions, diversifying its revenue streams. It has a full commercial kitchen, a spacious dining area and other attractive amenities on-site, as well as all the equipment necessary to run the operation.
The second facility is mainly a bakery and café where customers can order a salad, bread, dessert or takeaway lunch. For the convenience of passing customers, there is a full-service commercial bakery and a coffee window out front. It is also where the business's wholesale bakery is located, which enables it to supply other cafes with bread and other pastries.
Please note that for one of the two sites a demolition clause is in place whereby the landlord will pay the tenant $150k to vacate premises so will get your money back in two years if the landlord decides to demolish Right to first refusal to take the premises when completed.
Since both sites are operating under the same brand, the business has a larger presence in the market and is enabled to attract more customers organically. Both are also straightforward to operate, making them ideal for owner-operator, family or VISA purposes.
Listing ID: 16824
Broker: Nick and Kristy Kolaitis
Phone: +61 3 [Phone Number Censored] / +[Phone Number Censored] 161 (Nick) / +[Phone Number Censored] 415 (Kristy)
Email: [Email Censored] / [Email Censored]
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